Chapter 7 bankruptcy can provide a fresh financial start
When you are so deep in debt that there doesn’t seem like a way out, you might feel hopeless. The good news here is that you do have options to consider. One of these is filing for bankruptcy. People who meet certain income and asset limits might be able to file for a Chapter 7 […]
How will bankruptcy impact my finances?
Filing for bankruptcy isn’t a decision that most people come to overnight. Instead, it is often made after taking a serious look at their financial state. When you do decide that you are going to file, you have to think about how this decision will impact you now and into the future. There are two […]
Yes, you can still buy a house after a Wisconsin bankruptcy
Bankruptcy offers many Americans a chance at a clean slate and a fresh financial start. Filing for bankruptcy provides those in debt with an automatic stay on collection efforts, including pending lawsuits, collection calls and frightening letters. Bankruptcy also offers hope for restructuring overwhelming debt for some in Chapter 13 or in the discharge of […]
Chapter 13 bankruptcy might help stop foreclosure
Missing a mortgage payment can instill fear in the heart of a homeowner. When the payment is missed, the lender might start the countdown to foreclosure so it is imperative the payment is made as quickly as possible. Typically, lenders won’t start official foreclosure procedures until a person has missed two to three payments. With […]
Chapter 7 bankruptcy is an acknowledgement of the problem
A Chapter 7 bankruptcy isn’t throwing in the towel and giving up on the debts that you owe. Instead, this is a time when you are acknowledging that you are in over your head. The bankruptcy lets your creditors know that you can’t make the payments and takes the false sense of hope away and […]
Know what you need to do after a bankruptcy
Most people never think that they will have to file for bankruptcy, but the ones who do have to realize that this isn’t an instant answer to the issues that they are facing. It is imperative that anyone who is filing understands some of the important things they need to do after he or she […]
Chapter 13 bankruptcy comes with specific responsibilities
Filing for Chapter 13 bankruptcy is a serious matter that must be considered very carefully. When you are going to file, you need to take a close look at the money. One of the steps of filing for this type of bankruptcy is to speak with a credit counselor to determine if there are any […]
Life after bankruptcy: What to expect
Determining that you need to file for bankruptcy isn’t something that most people do easily. When you realize that you have overwhelming debts, you might find that you need to do something. It is all too easy to think about the bankruptcy process itself when you are deciding what to do; however, you also need […]
An automatic stay offers immediate relief in bankruptcy
The events leading up to having to file for bankruptcy often include having to deal with multiple creditor phone calls per day and harassing letters. This is disheartening and can lead to emotional turmoil. When you file for bankruptcy, you will receive an automatic stay that prevents creditors from being able to contact you about […]
Chapter 13 has benefits and drawbacks for you to consider
Filing for bankruptcy protection is one step you can take to reclaim your finances when things get out of hand. One form of bankruptcy that you might file is a Chapter 13. This is often referred to as a working man’s bankruptcy because you will be required to make payments on the case based on […]
